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Updated over 1 year ago on . Most recent reply

User Stats

27
Posts
9
Votes
Kevin Pinkard
  • Investor
  • Jacksonville, FL
9
Votes |
27
Posts

Financing Issues with Lender

Kevin Pinkard
  • Investor
  • Jacksonville, FL
Posted

Hello all, I'm just curious if I am the only one that has issues with the lenders continuing to question if i have enough liquidity in funding before closing? We have had to extend our closing 3 times because the lender waits until a couple of days before closing to aske if I have extra funds outside of the down payment and closing cost. Each time its another $5k or $10k so that my DTI will fit under the threshold but the only debt I have is my primary property and the investment properties im trying to buy. Im on theilitary and make well over $80k a year from my W2. One of the properties is currently rented out but they don't count that potential income for me but they do count it as a debt (that doesn't make sense to me). Is this normal for the lenser to continue to move the bar?

  • Kevin Pinkard
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